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FY2007 Capital Sepnding to Increase 11 Percent: Development Bank of Japan

August 2, 2007
By Ken Worsley


The Development Bank of Japan released its latest report on the state of the economy today, and the first point jumped right out at me:

大企業（資本金10億円以上）の2007年度設備投資計画は、製 業が全ての業種で増 し５年連続の二桁増となるほか、非製 業も増勢を強め３年連続の増 となることから、全産業では二桁増（11.0％増）となる。

At large firms with over one billion yen in capital, capital spending in financial 2007 is projected to increase by 11 percent. This is a good amount higher than the previous Bank of Japan Tankan survey had registered, where FY2007 capital spending had been projected to increase by 7.7%.

Could this bolster the claim for an August rate hike? If projections are going to be taken into consideration, it might be worth noting that the same report projects an 8.8% fall in capital spending for financial 2008.

Filed Under Business, Economic Reports 

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Comments

One Response to “FY2007 Capital Sepnding to Increase 11 Percent: Development Bank of Japan”

  1. Cabinet Office Raises GDP Projections : Japan Economy News & Blog on December 2nd, 2007 10:58 pm

    […] Exports and capital spending are expected to drive the GDP growth, with the Cabinet Office projecting a 3.8% increase in capital spending. The Bank of Japan projected capital spending increases at 7.7% in its most recent Tankan survey, and the Development Bank of Japan recently published a prediction of an 11% increase in a report last week. […]

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